FL ARCHIVED September 2017 | Page 118

Market Action Report September 2017
Community Information | School District
Market Action Report September 2017

City : Boca Raton

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 450,000
-2%
6 %
Average List Price of all Current Listings
$ 966,611
2 %
12 %
September Median Sales Price
$ 296,850
-10% -13%
-4%
-3%
$ 325,000
5 %
7 %
September Average Sales Price
$ 414,299
1 %
-10%
-6%
-9%
$ 468,099
-1%
3 %
Total Properties Currently for Sale ( Inventory )
2,315
-4%
-17%
September Number of Properties Sold
242 -42%
-44%
3,678
-7%
September Average Days on Market ( Solds )
106
14 %
12 %
2 %
10 %
95
-1%
-1%
Asking Price per Square Foot ( based on New Listings )
$ 245
0 %
4 %
4 %
9 %
$ 234
4 %
4 %
September Sold Price per Square Foot
$ 199
4 %
-1%
6 %
3 %
$ 199
3 %
3 %
September Month ' s Supply of Inventory
9.6
64 %
34 %
49 %
29 %
6.9
-5%
-8%
September Sale Price vs List Price Ratio
91.4 %
. 1 %
-. 2 %
. 8 %
-. 7 %
91.6 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
700
September Property sales were 242 , down 44.4 % from 435 in
September of 2016 and 41.7 % lower than the 415 sales last
600
Property month . September Sales 2017 sales were at their lowest level
September compared Property to September sales were of 2016 242 , and down 2015 44.4 . % September from 435 YTD in
700
500
September sales of 3,678 of 2016 are and running 41.7 % 7.4 lower % behind than the last 415 year sales ' s year-to-date last
600 month sales . of September 3,972 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
500 sales of 3,678 are running 7.4 % behind last year ' s year-to-date sales of 3,972 .
400
400
300
200
300
100
200
Agent Name

Boca Raton Title

Phone Website Other

Community Information | School District

Number of Properties Sold
100
0
O
N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S
0
14
15
16
17
Prices
The Median Sales Price in September was $ 296,850 , down 3.9 %
Prices from $ 309,000 in September of 2016 and down 10.0 % from
The
$ 330,000 Median last Sales month Price . in The September Average was Sales $ 296,850 Price in , down September 3.9 %
600 from was $ 309,000 414,299 , in down September 6.1 % from of 2016 $ 441,289 and down in September 10.0 % from of 2016
$ and 330,000 up 1.1 last % from month $ . 409,603 The Average last month Sales Price . September in September 2017 ASP
550
O
N D
J
F M A M J
Median
J
A S O NSales D J FPrice M A Mand J JAverage
A S O N Sales D
J
F Price M A M J
J
A S
14
15
16
17
600
Median Sales Price and Average Sales Price
3 Mo Avg
550
500
3 Mo Avg
was was $ 414,299 at a mid , down range 6.1 compared % from $ to 441,289 September in September of 2016 of and 2016 2015 .
500 and up 1.1 % from $ 409,603 last month . September 2017 ASP
450
was at a mid range compared to September of 2016 and 2015 .
450
400
400 350
350 300
405 316 442 305 362 502
405 316 442 305 362 502 474 490 581 453 420 455 423 312 455 312 355 415 491 503 522 446 493 435 359 303 375 331 364 492 418 497 513 406 415 242
300
250
250
O
O
N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
14
15
16
17
N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S
J
A S
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
September Total Inventory was 2,315 of Properties , down 4.1 available % from 2,414 for sale last as month of and
3,500
September down 17.3 was % from 2,3152,799 , down in 4.1 September % from 2,414 of last year month . September and
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
12.0
10.0
down 201717.3 Inventory % from was 2,799 at in its September lowest level of last compared year . September with September
3,0002,500
10.0
2017 of 2016 Inventory and 2015 was . at its lowest level compared with September
2,500 of 2016 and 2015 .
2,000
8.0
2,000
1,500
6.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
1,000
A comparatively lower MSI is more beneficial for sellers while a
4.0 higher MSI is better for buyers . The September 2017 MSI of 9.6
1,000 higher months MSI was is better at its highest for buyers level . The compared September with 2017 September MSI of 9.6
500 of
500
2.0 months
2016 and was 2015 at its . highest level compared with September of
0
2016 and 2015 .
0
0.0
O
N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
J A S
O
N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
J A S
14
15
16
17
14
15
16
17
8.0
6.0
4.0
2.0
0.0
474 490 581 453 420
2,851 2,839 2,793 3,028 3,049 3,049 3,025 2,851 2,825 2,832 2,763 2,733 2,950 2,932 2,919 3,084
Number of Properties Sold
455 423
2,851 2,839 2,793 3,028 3,049 3,049 3,025 2,851 2,825 2,832 2,763 2,733 2,950 2,932 312 455 312 355 415 491 503 522
3,084 3,286 3,303 3,312 3,149 3,106 2,988
446
3,286
2,919 3,303
3,312 3,149 3,106 2,988 2,794 2,799 2,754 2,799 493 435 359 303 375 331 364 492
2,769 2,904 2,979 2,953 2,893 2,673 2,595 2,481 2,414 2,315
3 Mo Avg
418
2,794 2,799 2,754 2,799 2,769 2,904 2,979 2,953 2,893 2,673 2,595
497 2,481
513
3 Mo Avg
406
2,414
2,315 415 242
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Assoc
118 | c o l d w e l l b a n k e r h o m e s . c o m does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .